Which earned value management (EVM) metric is a measure of the cost efficiency of budgeted resources expressed as a ratio of earned value (EV) to actual cost (AC) and is considered a critical EVM metric?
A. Cost variance (CV)
B. Cost performance index (CPI)
C. Budget at completion (BAC)
D. Variance at completion (VAC)
Using values such as scope, cost, budget, and duration or measures of scale such as size, weight, and complexity from a previous similar project as the basis for estimating the same parameter or measurement for a current project describes which type of estimating?
A. Bottom-up
B. Parametric
C. Analogous
D. Three-point
Which tool or technique allows a large number of ideas to be classified into groups for review and analysis?
A. Nominal group technique
B. Idea/mind mapping
C. Affinity diagram
D. Brainstorming
When a backward pass is calculated from a schedule constraint that is later than the early finish date that has been calculated during a forward pass calculation, this causes which type of total float?
A. Negative
B. Zero
C. Positive
D. Free
A reward can only be effective if it is:
A. Given immediately after the project is completed.
B. Something that is tangible.
C. Formally given during project performance appraisals.
D. Satisfying a need valued by the individual.
The definition of when and how often the risk management processes will be performed throughout the project life cycle is included in which risk management plan component?
A. Timing
B. Methodology
C. Risk categories
D. Budgeting
Which risk management strategy seeks to eliminate the uncertainty associated with a particular upside risk by ensuring that the opportunity is realized?
A. Enhance
B. Share
C. Exploit
D. Accept
Payback period, return on investment, internal rate of return, discounted cash flow, and net present value are all examples of:
A. Expert judgment.
B. Analytical techniques.
C. Earned value management.
D. Group decision-making techniques.
A project manager should document the escalation path for unresolved project risks in the:
A. Change control plan
B. Stakeholder register
C. Risk log
D. Communications management plan
Which process in Project Time Management includes reserve analysis as a tool or technique?
A. Estimate Activity Resources
B. Sequence Activities
C. Estimate Activity Durations
D. Develop Schedule
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